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Advanced TA SearchArchive
- 6/7/2024 -
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Allstate Corp. (ALL) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Allstate Corp. (ALL). During the week, the ALL dropped -2.46 points, or -1.47%, and closed at 165.06 on Friday, June 7, 2024. Weekly volume was -20% below average.
ALL is a member of Financials Sector. Financials is the second most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See ALL long-term trend chart]
A long-term uptrend had started on March 9, 2009 at 13.77 and reached 177.37 on May 2, 2024. ALL gained -163.60 points, or -1188.09%, in 790 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (164.47). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a long-term trend.
 Medium-term trend: [See ALL medium-term trend chart]
A medium-term uptrend had started on July 17, 2023 at 100.57 and reached 177.37 on May 2, 2024. ALL gained -76.80 points, or -76.36%, in 41 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 134.20 and resistance is at 185.61. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See ALL weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since May 3, 2024. Use the following link to access a MACD help.
 Short-term trend: [See ALL short-term trend chart]
A short-term uptrend had started on June 5, 2024 at 160.84 and reached 166.34 on June 7, 2024. ALL gained -5.50 points, or -3.42%, in 2 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
Daily Technical Indicators: [See ALL daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since April 25, 2024. The distance between MACD and the signal line is low and getting smaller.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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